Bank of America decreases reference rate.
SAN FRANCISCO--(BUSINESS WIRE)--July 6, 1995--Bank of America today announced that it is decreasing its reference rate Reference Rate The underlying index or rate upon which a floating-rate security is based.
Notes: The reference rate could be LIBOR, prime interest rates, Treasury Bill rates, etc. See also: Discount Margin, Floater, Floating Rate Note - FRN, LIBOR, Reset Margin to 8.75% from 9% effective tomorrow.
CONTACT: Bank of America, San Francisco
Bob Wynne, 415/953-3836
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